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cliff right now. we're looking forward to anderson and kathy. they're coming up at the top of the hour. stand by for that. >>> looks like a deal. we're follow the breaks news. we'll see if the senate actually does have a roll call vote on the floor of the senate within the next two hours. jessica yellin is over at the white house watching what's going on. you put it in good perspective earlier, dana bash is up on the hill. if there's a deal, jessica, if the senate does vote tonight, are you hearing anything that we might also hear at some point tonight from the president of the united states? >> i think that it is new year's eve and president obama wouldn't want to do anything that would say or do anything to derail this process in any way. i do not expect to hear from the president tonight. i would not be surprised if we hear from him, wolf, tomorrow at some point. and i do think that we know he's been on the phone with both harry reid and nancy pelosi so he has been hard at work and i also know he h
cliff right now. we're looking forward to anderson and kathy. they're coming up at the top of the hour. stand by for that. >>> looks like a deal. we're follow the breaks news. we'll see if the senate actually does have a roll call vote on the floor of the senate within the next two hours. jessica yellin is over at the white house watching what's going on. you put it in good perspective earlier, dana bash is up on the hill. if there's a deal, jessica, if the senate does vote tonight,...
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even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent, rising prices, both of those will get urgency. the growth hasn't been great but it has been enough to get people off the fence, people feel more secure so demand is up. and finally, credit. it will be important to look at what are the standards to get a mortgage, much harder to get a mortgage even thou
even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you...
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what we are seeing is more and more people right now as congress looks that the fiscal cliff, talking about the things that concerns them. i want to tell you, some things watching right now who think the country should goefrt fiscal cliff, a quote i got there on facebook, talking about this, this one says let's go over it. it is long overdue and we need several more just like t some politicians see it as the easiest way of implementing long overdue cuts without endless congressional squabbles from adam chance campbell wrote on my facebook page. y'all will like the next one, look that the quote from jeff clark, what the mayans couldn't do in thousands of years both houses of congress are doing. let me tell everybody, the world will not end if we go over the fiscal cliff. i don't want you to feel that watch doesn't mean there aren't serious concerns for a lot of people involved. a couple more here from facebook this one says they need a reality check in how the 98% really lives. that's from felicia persaud on facebook. one more here the people express third desire for ending the bush ta
what we are seeing is more and more people right now as congress looks that the fiscal cliff, talking about the things that concerns them. i want to tell you, some things watching right now who think the country should goefrt fiscal cliff, a quote i got there on facebook, talking about this, this one says let's go over it. it is long overdue and we need several more just like t some politicians see it as the easiest way of implementing long overdue cuts without endless congressional squabbles...
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cnn's coverage of the fiscal cliff continues right after this.
cnn's coverage of the fiscal cliff continues right after this.
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ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now talking about this right now with the senate gone home and congress in there working and the light is on, but few people are at home. why are we doing this? >> there is no good explanation. there's definitely no justification and no excuse for this. this is like, don, when you at the beginning of the year, when you are in school at the beginning of the year and you have been assigned a big project and you leave it to the last night. when i used to do thoo i was punished. if kids behaved the way the congresspeople were, they would be in time-out. if it were the private sector, they'd all be fired.
ali, why does it have to be a scr scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now...
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so we know what we're dealing with, and i think it affects us right now in the fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work together because without bipartisanship, nothing is going anywhere. therefore, i think you have to go back to negotiations 101. which is that someone in a negotiation has to win some and lose some. the other party in a negotiation has to win some and lose some. the president is not going to get everything he wants. the republicans in the house and senate are not going to get everything we want. nor are the democrats in the house and senate. so we have areas where we can come together, and i've seen it. all of us were talking in the last couple of hours about how we have talked to our counterparts
so we know what we're dealing with, and i think it affects us right now in the fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work...
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let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly. this is the fifth year in a row, we're going to have $20 trillion worth of debt on top of $48 trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten
let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts....
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if not for the so-called fiscal cliff debate they're trying to strike a deal on. that would be also on other legislation that would come up with 113th congress. democrats want to ensure they have 55 votes when the 113th congress begins on january 3rd. >> senior political editor mark murray for us on this thursday, appreciate it, sir. >> thank you, craig. >>> outrage of russian president vladimir putin's decision to sign a bill to block americans from adopting russian children and a video of a squarm bursting in a shopping mall. details on that story around the "news nation." [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better unde
if not for the so-called fiscal cliff debate they're trying to strike a deal on. that would be also on other legislation that would come up with 113th congress. democrats want to ensure they have 55 votes when the 113th congress begins on january 3rd. >> senior political editor mark murray for us on this thursday, appreciate it, sir. >> thank you, craig. >>> outrage of russian president vladimir putin's decision to sign a bill to block americans from adopting russian...
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cliff as an example of how john boehner may or may not drive the discussion. >> and also at the last hour, horse trading gets thrown on to the table, and then they get upset about it. so what is going to be thrown out that will get them upset? >> well, the thing that will get them piqued is that tax rates. obama is preferring a $250,000 threshold, but in the process of trying to hammer out the deal, it is raised to $400,000 or $500,0 $500,000, and the base is going to be angry about that, and that is offset by satisfaction that some of the entitlement reforms that the president had signed off on earlier such as changing the structure for social security will not likely be in this deal, and obviously, everything remains to be seen, and the estate tax is a big sticking point, because obama wants to see it go up, and the senate republicans will insist that it stay at the current rate. >> thank you, robert costa and sam stein. we will be back in a moment. this is "hardball," the place for politics. >>> welcome back to hardball. what will a deal look like if there is one? and who is going
cliff as an example of how john boehner may or may not drive the discussion. >> and also at the last hour, horse trading gets thrown on to the table, and then they get upset about it. so what is going to be thrown out that will get them upset? >> well, the thing that will get them piqued is that tax rates. obama is preferring a $250,000 threshold, but in the process of trying to hammer out the deal, it is raised to $400,000 or $500,0 $500,000, and the base is going to be angry about...
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with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. president, the house of representatives as we speak with four days left after today before the first of the year, aren't here with the speaker having told them they'll give them 48 hours notice. i can't imagine their consciences, out wherever they are around the country and we're here trying to get something done. >> we're awaiting reaction from the senate minority leader, mitch mcconnell. when that happens we'll go live to the senate floor but a spokesman for john boehner says senator re
with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about...
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that we don't want to inflict on you, but would have to by the design of the fiscal cliff, that oh, by the way, we created a year and a half ago. they actually couldn't get the social security cuts through this time. but republicans have promised and obama will probably be happy to go along with it that in the next few months they're going to you know, take another crack at "entitlement reform." but i think that whether or not this deal ends up being a good one for -- for democrats, depends on whether or not the president holds firm in the commitment he made. that he will refuse to negotiate on the debt ceiling. he is saying forget it. i'm not even going to talk about it. i don't care what you want to give me to raise the debt ceiling, i don't care what you want about the debt ceiling, i'm not going to touch the debt ceiling. now what does that mean? does that mean he is going to pay the debts even if the republicans don't raise the debt ceiling. we don't know, but he has insisted, both in private and with his staff in his public statements and in private with others that this is a
that we don't want to inflict on you, but would have to by the design of the fiscal cliff, that oh, by the way, we created a year and a half ago. they actually couldn't get the social security cuts through this time. but republicans have promised and obama will probably be happy to go along with it that in the next few months they're going to you know, take another crack at "entitlement reform." but i think that whether or not this deal ends up being a good one for -- for democrats,...
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could be all the way to tuesday. >> right. we are going to be talking about fiscal cliff. where are we? where are we going? what things can we believe that are coming out from capitol hill? what qunt we believe? >> today, we have the fake plan apparently senate republicans had and white house denying. this is -- ugh. interesting. >> what about the white house supposedly sending its own boiled down fiscal cliff bill to the hill? what's going on with that? you've got harry reid's incendiary comments on the floor today. >> it feels like we're at the beginning of the beginning of the end. >> right. i'll be back tomorrow to talk about it. >> jonathan capehart, thanks so much. that does it for this edition of "andrea mitchell reports." craig melvin has a look at what's next. the pride of south carolina. craig, how are you doing, snir. >> good to see you as always. five days to go until the fiscal cliff deadline. john boehner holding a press conference. what might they be talking about? president obama returned to washington today after speaking with all four congressional leader
could be all the way to tuesday. >> right. we are going to be talking about fiscal cliff. where are we? where are we going? what things can we believe that are coming out from capitol hill? what qunt we believe? >> today, we have the fake plan apparently senate republicans had and white house denying. this is -- ugh. interesting. >> what about the white house supposedly sending its own boiled down fiscal cliff bill to the hill? what's going on with that? you've got harry...
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we should be right here with four days to go before the fiscal cliff strikes. >> all right. always a pleasure. thank you, sir. >> good to be with you. >>> major break today in negotiations between dock workers and port operators puts off at least for now a port strike that would have shut down nearly all shipping traffic along the east and gulf coast. a federal mediator says that the union and group representing the shipping lines agreed to a 30-day contract extension narrowly averting the sunday strike deadline. business groups warn that the economic impact of such a work stoppage is disaster. joining me is nbc's ron mott. for folks not following the story, how did we get here? >> reporter: folks haven't because they're paying attention to the fiscal cliff. this was lurking in the shadows and today moved the ball down the field for 30 days and may be talking about a strike again in 30 days but the big issue here was this so-called container royalty that the shipping companies pay to the union members who actually the guys and men and women offloading the big ships and the c
we should be right here with four days to go before the fiscal cliff strikes. >> all right. always a pleasure. thank you, sir. >> good to be with you. >>> major break today in negotiations between dock workers and port operators puts off at least for now a port strike that would have shut down nearly all shipping traffic along the east and gulf coast. a federal mediator says that the union and group representing the shipping lines agreed to a 30-day contract extension...
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over the fiscal cliff. but i think what is important is what harry reid said, there's a bill you could pass in the house, for the house to pass the senate bill is quickest. you can't do it because you have all the democrats and nancy pelosi can whip her caucus, she maas lie one or two, and then you need about 30 republicans, but boehner -- >> arguing the senate bill is more partisbipartisan. >> it means only 2% of people would pay the 39% tax rate on everything above 250, right? but you reason he won't even try to pass that bill, is because he doesn't want the optics with the bill being passed with mostly democrats. bainers wants it a majority of the majorities, that that will be mostly republicans passing it. that's impossible, because republicans, you can't even get 10 or 20 of them to agree on anything they think is a tax hike. so you have a stalemate of boehner's over design. >>> ryan, to you, please responds to what joann said. a year ago, did you think -- yeah, we knew this was going to happen, did yo
over the fiscal cliff. but i think what is important is what harry reid said, there's a bill you could pass in the house, for the house to pass the senate bill is quickest. you can't do it because you have all the democrats and nancy pelosi can whip her caucus, she maas lie one or two, and then you need about 30 republicans, but boehner -- >> arguing the senate bill is more partisbipartisan. >> it means only 2% of people would pay the 39% tax rate on everything above 250, right? but...
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had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead, completely dead, and we are down to either a small down, a mini deal, or going after the cliff straight. what is your reaction to this? >> i don't -- you know, i'm not sure that's true. just talking to my colleagues in the senate, i think the middle ground is pretty well known by everybody, and i think you could still get something that would be viewed by the ratings agencies as well as the american public as a pretty good solution. so i think it's possible. i don't know that that will happen. it's unfortunate that we're waiting until this late in the hour to try to accomplish something. >> so, then, what do yo
had won re-election, and now they're pushing to to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead,...
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>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now both parties in the senate are meeting behind closed doors to discuss what was going on and what they may or may not be able to agree to as you've reported throughout the hour. mitch mcconnell has reached out to vice president biden, two experienced legislative hands who have worked together on these types of deals before. if anyone at this late hour could get a deal done it would likely be these two. keep in mind, no matter what deal is crafted on in the senate, voted on tonight and tomorrow morning it still has to get passed here in the house where i'm standing right now. we were talking to tom cole a little while ago on the
>>> still no signs of a deal in the senate right now on how to avert the fiscal cliff. let's bring back the senior editor of "the new republic" and author of "the escape artists, how obama's team fumbled the recovery" and ed o'keefe congressional reporter for the "washington post." thanks to both of you for coming back here. ed, do you think the deal is dead right now? >> no, by no means. as we understand it, negotiations are continuing. right now...
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they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time p
they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking....
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that's what this whole fiscal cliff debate is all about, right? it's about taking money out of the economy. it's about slowing job growth. it's about the potential for a recession in the beginning part of this year, and 9.1% unemployment by the end of the year because of all the money taken out. so what they're doing here is critical stuff. you heard about how this whole process taking a hatchet in the efforts of budget control, when you should use a scalp peel but congress has shown any willingness. >> christine, thank you very much. we'll get your perspective on the other side of the president's address. it's about 15 minutes away or so. he will speak at the white house addressing the american people essentially about the updates on the talks with republicans. it has been the vice president, vice president biden, and the republican senate minority leader mitch mcconnell who have been in negotiations and discussions. we'll see just how far they have gotten and whether or not there is something real that has been put on the table. we're going to h
that's what this whole fiscal cliff debate is all about, right? it's about taking money out of the economy. it's about slowing job growth. it's about the potential for a recession in the beginning part of this year, and 9.1% unemployment by the end of the year because of all the money taken out. so what they're doing here is critical stuff. you heard about how this whole process taking a hatchet in the efforts of budget control, when you should use a scalp peel but congress has shown any...
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cliff thing they throw boehner over the edge or start the process for removing boehner? seems if anything, again, as a pragmatic matter that even maybe hurts the republicans more or is it right? is anthony right that you are going to lose ground anyway so you might as well stick to your first principles and look at what happened to george h.w. bush after he went back on his tax no tax pledge. >> if he can't lead and offer solutions he probably shouldn't be there. there is a great game as to if not he, who. that is a fair question. these things happen fast. i'm not saying that it will. the only people that can really counter are the 435 members in there. they know what is happening on the inside. >> laura: what should he do? >> offer a solution. >> laura: what solution? he tried to offer. >> offer a bold solution and go out to america and debate it and don't do secret meetings. we had two years of simpson bowles and knew this was coming. debate the concepts with america and continue debating them. >> laura: don't worry about the fiscal cliff. >> push us off. we may need i
cliff thing they throw boehner over the edge or start the process for removing boehner? seems if anything, again, as a pragmatic matter that even maybe hurts the republicans more or is it right? is anthony right that you are going to lose ground anyway so you might as well stick to your first principles and look at what happened to george h.w. bush after he went back on his tax no tax pledge. >> if he can't lead and offer solutions he probably shouldn't be there. there is a great game as...
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. >> earlier today on the senate floor, a couple of updates on where things stand on the fiscal cliff. he says, but the house rules committee will do at 8:00 is always derided as "martial law." he is talking about the news released by the rules committee that they will meet this evening at 8:00 p.m.. we will try to update the story for you. one at a house republican, settling in for a delicious pizza dinner and to talk about something not involving a fiscal clift deal. and from nbc -- one rep will be "real crabby" if congress is here on wednesday -- he has rose bowl tickets. you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and ang
. >> earlier today on the senate floor, a couple of updates on where things stand on the fiscal cliff. he says, but the house rules committee will do at 8:00 is always derided as "martial law." he is talking about the news released by the rules committee that they will meet this evening at 8:00 p.m.. we will try to update the story for you. one at a house republican, settling in for a delicious pizza dinner and to talk about something not involving a fiscal clift deal. and from...
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over this fiscal cliff. >> hey. good to be back. >> just give me a quick overview of how you think this is going to go in the next hours and couple of days. >> it's looking good in the senate. it's democrats look like they're all on board. looks like mitch mcconnel has republicans on board. it needs to pass with large margin. the big question mark is the house. john ba john baoehner has had this marker. he said no to his own plan b bill that had the tax rates going up for those over a million dollars. there's no question will be republican defections in the house. can he keep together a ma jorjo of his caucus. the house republicans have been so unpredictable that i couldn't wager a guess on that. i would think they want to take this deal and live to fight another day but you just don't flow until you see the votes come through. >> i'm sure you just overhead my conversation. john boehner is in really tough spot. talk about your thoughts on what he's got to be doing as far as the dance to please members of his party a
over this fiscal cliff. >> hey. good to be back. >> just give me a quick overview of how you think this is going to go in the next hours and couple of days. >> it's looking good in the senate. it's democrats look like they're all on board. looks like mitch mcconnel has republicans on board. it needs to pass with large margin. the big question mark is the house. john ba john baoehner has had this marker. he said no to his own plan b bill that had the tax rates going up for...
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cliff. today, after the president returned from his vacation in hawaii, he did meet with his senior advisors. they did conduct some back- channel negotiations as they have been during the holidays on a bill to possibly avert the fiscal cliff. those talks i'm told did not make much progress. the face-to-face conversations may fact create the possibility of a breakthrough. but right now the president has no new proposals to give his congressional leaders. he will stick with what he told the nation on friday-- raise income taxes for households earning more than $250,000, extend unemployment benefits for those americans out of work for more than six months, and try to find some other means to avert the fiscal cliff before that deadline, and tomorrow, may give us a glimmer of hope but as i said, the white house does not consider this a breakthrough, but everyone is and will be talking. >> glor: major garrett at the white house. thank you. all of this uncertainty is already affecting the economy.
cliff. today, after the president returned from his vacation in hawaii, he did meet with his senior advisors. they did conduct some back- channel negotiations as they have been during the holidays on a bill to possibly avert the fiscal cliff. those talks i'm told did not make much progress. the face-to-face conversations may fact create the possibility of a breakthrough. but right now the president has no new proposals to give his congressional leaders. he will stick with what he told the...
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Dec 31, 2012
12/12
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. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned and why. and remember, try and keep it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax
. >> he'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned...
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Dec 29, 2012
12/12
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fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate i
fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and...
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Dec 24, 2012
12/12
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there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support there, the presidential mandate of re-election and the fact he ran on raising taxes if he was given a second term, why is there such this stalemate and trepidation in washington, d.c. to get a deal done? >> reporter: how many hours do we have? let me try it this way. there's a group of hard core tea party republicans but democrats say we won because as your poll shows most americans support the president's position on higher taxes on top earners and seemingly at
there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many....
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Dec 27, 2012
12/12
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. >>> fiscal cliff fears pushing stocks lower but we're well off those lows right now and news that the house will reconvene on sunday evening at 6:30 p.m. eastern time. let's get to seemor, modi with more on this. >> hi, mandy, off of our lows, but today a risk-off approach to trading. that's a strategy being used as wall street is waiting by for the latest on the fiscal cliff negotiations. interestingly enough when you look at the year-to-date performance of the major indices, the nasdaq is the outperformer, however. for q4, just this last quarter, the nasdaq is the worst performing major index. some is down about half a percent today. lastly, one of the bright spots in the online travel space that i want to point your attention to, expedia.com. no major news hepthelping lift the stock. however, traders telling me that technically the stock looks strong. even on twitter you'll see that there are a lot of traders tweeting about this stock, up about 3 president 6%. bill? >> all right. seema, thank you very much. meantime, nokia's shares lower -- they were early on by more than a percent
. >>> fiscal cliff fears pushing stocks lower but we're well off those lows right now and news that the house will reconvene on sunday evening at 6:30 p.m. eastern time. let's get to seemor, modi with more on this. >> hi, mandy, off of our lows, but today a risk-off approach to trading. that's a strategy being used as wall street is waiting by for the latest on the fiscal cliff negotiations. interestingly enough when you look at the year-to-date performance of the major indices,...
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Dec 27, 2012
12/12
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speaking right. exactly. liz: more on the fiscal cliff. let's bring in peter. with us is former clinton advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy heal
speaking right. exactly. liz: more on the fiscal cliff. let's bring in peter. with us is former clinton advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the...
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Dec 30, 2012
12/12
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is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to other stories. a judge ordering a psychiatric evaluation for a woman suspected of shoving a man off a new york public is way platform. he was arraigned last night on murder and hate crime. she confessed to pushing a man in front of a moving train telling them, i hindus and muslims. co-worker was was behind due. >> gregg: two missing boys from georgia have been found in texas an amber alert was issued, ages nine and seven when they didn't come back from a visit from their dad on wednesday. somebody recognized the trio and caught up with them in austin. now their father is fac
is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that would prevent milk prices from rising. >> arthel: to...
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cliff and everything that we're not right now so let's let's play the clip there. and when you look at this final agreement that we came to the white house you know i got ninety eight percent of what i wanted i'm pretty happy folks do you think is still pretty happy but do they regret saying that i mean come on i think that they are speakership is just a list of regrets where the obama presidency has been a lists of sore forced crisis ease i was in a room an off the record meeting with the hill staffers when this deal was sort of being given to them and a very senior guy gainers office said that basically the president is exactly where we want him that was august of two thousand and eleven and here we are now everyone assumed that the debt limit would at least go until february and geitner just before we went on the air sent a letter to congress saying that we're actually going to run out of cash on monday which is probably the real reason why the president came home well i think republicans. at the time boehner saying that thought that president obama was going to
cliff and everything that we're not right now so let's let's play the clip there. and when you look at this final agreement that we came to the white house you know i got ninety eight percent of what i wanted i'm pretty happy folks do you think is still pretty happy but do they regret saying that i mean come on i think that they are speakership is just a list of regrets where the obama presidency has been a lists of sore forced crisis ease i was in a room an off the record meeting with the hill...
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Dec 27, 2012
12/12
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there's no time left, we're falling off the fiscal cliff. what happens if we do? what does it mean to the average american? we're going to break down the facts coming up. >> announcer: if congress fails to agree to a plan to avoid the fiscal cliff, it will result in $40 million in funding cuts for the maternal and child health block grant resulting in 5 million less families served. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. with scottrader streaming quotes, any way you want. fully customize it for your tr
there's no time left, we're falling off the fiscal cliff. what happens if we do? what does it mean to the average american? we're going to break down the facts coming up. >> announcer: if congress fails to agree to a plan to avoid the fiscal cliff, it will result in $40 million in funding cuts for the maternal and child health block grant resulting in 5 million less families served. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because...
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Dec 28, 2012
12/12
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we forget about it. >> we're worried about the fiscal cliff. the gun guy is never not focused on guns. mayor, isn't that the problem? you have guys mostly in philadelphia -- >> that's part of the challenge. >> living noud reading, they live right in the city, they think about the second amendment all the time. >> but i think there are many responsible gun owners, again, who are hunters, who know about gun safety and training. they put locks on their guns. they put them in a locker so they're not accessible to children or others who should not have them or don't know how to use them. the work that mayor bloomberg is doing and mayor menino, mayors against illegal guns that demand a plan, activity, and website. people should check that out. get engaged and involved. i saw an ad in one of the new york papers asking people to sign up. this issue is not going away. we as a country better damn we will figure out how to do more than one thing at a time. fiscal cliff, very important. public safety and gun violence, very important. getting people back to
we forget about it. >> we're worried about the fiscal cliff. the gun guy is never not focused on guns. mayor, isn't that the problem? you have guys mostly in philadelphia -- >> that's part of the challenge. >> living noud reading, they live right in the city, they think about the second amendment all the time. >> but i think there are many responsible gun owners, again, who are hunters, who know about gun safety and training. they put locks on their guns. they put them...
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Dec 27, 2012
12/12
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but i think once we get over the fiscal cliff, i think that 2013 is going to be a big policy issue. and i think that the idealogical conflict within the republican party is they have no economic policy answers to the problems of the day, to the shrinking middle class. the tea party certainly doesn't have those things. i think you can't be a player right now and be hotel lly be rt of real party answers. >> and it makes it almost impossible for them to be a governing party in any way, particularly in the house of representatives. they are an oppositional party there. but it makes it impossible for john boehner to govern in any effective way to make any sort of negotiation with the president to avoid a fiscal cliff. and the larger issue is that the national populous as a whole wants to see congress get stuff done. they want the accomplishments. so it works for republicans in some statewide races, mostly not but it's not a national agenda. >> allow me to reintroduce myself as a tea party spokesperson. what they say is they are a governing party. you said they're not. they say they are a
but i think once we get over the fiscal cliff, i think that 2013 is going to be a big policy issue. and i think that the idealogical conflict within the republican party is they have no economic policy answers to the problems of the day, to the shrinking middle class. the tea party certainly doesn't have those things. i think you can't be a player right now and be hotel lly be rt of real party answers. >> and it makes it almost impossible for them to be a governing party in any way,...
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Dec 26, 2012
12/12
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the fiscal cliff. is it really the tea party congress members or not? >> i think it's hard to predict exactly who might get blamed if something doesn't happen. that seems too far in the future for me but if you look at all of the piece that is are in play, the one thing we haven't talked about is the debt limit. it is going to be hit soon. and then the treasury can use extraordinary measures to extend it but caused the fight that made us sit here today to talk about the quote/unquote fiscal cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the easier it's going to b
the fiscal cliff. is it really the tea party congress members or not? >> i think it's hard to predict exactly who might get blamed if something doesn't happen. that seems too far in the future for me but if you look at all of the piece that is are in play, the one thing we haven't talked about is the debt limit. it is going to be hit soon. and then the treasury can use extraordinary measures to extend it but caused the fight that made us sit here today to talk about the quote/unquote...
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Dec 28, 2012
12/12
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. >>> right now at 6:30, president obama says there needs to be immediate agents to avoid the fiscal cliff. the president held a news conference just before 6:00 this evening. he says he's optimistic an agreement can still be reached. this afternoon mr. obama said the meeting was good and constructive. >> the one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor and i've asked senator reid to do this, put a bill on the floor that makes sure taxes on middle-class families don't go up, unemployment insurance is still available, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year, but let's not miss this deadline. that's the bare minimum we should be able to get done. >>> senate leaders say they hope to reach a compromise that could be presented to lawmakers by sunday, a little more than 24 hours before the deadline. >>> and don't miss "meet the press" on sunday morning. david greg
. >>> right now at 6:30, president obama says there needs to be immediate agents to avoid the fiscal cliff. the president held a news conference just before 6:00 this evening. he says he's optimistic an agreement can still be reached. this afternoon mr. obama said the meeting was good and constructive. >> the one thing the american people should not have to wait and see is some sort of action. if we don't see an agreement between the two leaders in the senate, i expect a bill to...
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Jan 2, 2013
01/13
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there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the blame. i have another question to ask. obama asked for complete congressional powers about being able to pull up and give any amount of money that he wanted, taking those powers away from the house. i think that is completely ludicrous. as far as the last caller asking out the democrats and republicans, that me see, if the democrats put a bill together and the republicans don't vote for it, they are mad at it, but if the republicans put a bill and let's say cave to the democrats, there is no bipartisan. i have never seen the democrats actually cave and take care of the fiscal cli
there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the...
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Dec 28, 2012
12/12
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gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from mitch mcconnell, and nothing is hang. patti ann: chris vanhollen joins us next. pwhrafp [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. . patti ann: fox news alert, potentially good news for the nation's housing market. pending home sales, which measure homes that are in contract and about to be sold rose 1.7% in november to
gregg: the fiscal cliff is not the only threat facing the u.s. economy right now. shipments of all kinds could actually be stuck on cargo ships if a longshoreman strike goes ahead as planned. the stakes for the recovery coming up. patti ann: high noon in those fiscal cliff negotiations. >> nothing have move forward in regards to our budget crisis unless speaker boehner and mitch mcconnell will go forward with our plan. speaker boehner is willing to negotiate, we have not heard a word from...
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Dec 27, 2012
12/12
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mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not sure my distinguished republican counterpart has followed what has taken place in the house of representatives. the house, as reported lie the press and we all know, one of the plans that didn't have a name, it wasn't plan "b," i don't know what plan it was because they've had a number over there, but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it would have
mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not sure my distinguished republican counterpart has...
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Dec 29, 2012
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how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an infinitesimal improvement in washington because of the meeting today, but i still would say the odds, the people placing bets in this town still expect that the nation will go over the fiscal cliff. still a little more hope than when we woke up this morning, but no one is counting on being off on new year's eve. >> jessica, thanks. more now on the raw politics with "new york times" columnist raffle, and cornell belcher. the president said he wanted to see a straight up or down vote. as we mentioned, that will happen on monday in the senate. he could lose that up or down vote. >> what you're likely to see is something come out of the senate. you have to pay attention, especially on the senate side, to tone. what minority leader mcconnell was saying today, the tone was right. i think you'll see something coming out of the senate on an up or down vote which they'll have to have happen, but i think the problem
how likely it is we will go over the fiscal cliff. i'm curious what the mood is like in washington, d.c. right now? >> there's an infinitesimal improvement in washington because of the meeting today, but i still would say the odds, the people placing bets in this town still expect that the nation will go over the fiscal cliff. still a little more hope than when we woke up this morning, but no one is counting on being off on new year's eve. >> jessica, thanks. more now on the raw...
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Dec 29, 2012
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cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt these people that are relying on this and the unemployment insurance has been seen as economic stimulus to get hands into the money of people who need it and they were things that actually get spread over the course of 2013 if there is no fix that is actually done and it is possible for congress to go back and fix things and talking about the increase of tax rates and there will also be spending cuts to government programs as well as the military and that will be spread over with 2013 and the world doesn't come to an end if we go over this quote, unquote, fiscal cliff and instead, a lot of the damage g
cliff probably isn't the right one to be used. after all, if you go over a cliff, you usually don't get to live to tell about it unless you're batman or spider-man, but there are things that actually would happen right away and one of those things that would be right away in a negative impact would be unemployment benefits and 2 million americans would see the unemployment benefits and that would hurt the economy and that would hurt these people that are relying on this and the unemployment...
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Dec 28, 2012
12/12
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>>> just days away from the fiscal cliff right now. can lawmaker reach a last- minute deal in time? a live report from capitol hill coming up. >> plus, a u.s. general way memorable military career has passed away. a look at the life and legacy of desert storm commander norman schwarzkopf. >> a redskins-cowboys preview with dave ross a little bit later. fox 5 morning news continues right now. right now. >> you can see how clear it is. clearly. friday, december 28th. good morning. i'm sarah simmons. h simmons. >> let's talk to tucker barnes about the weather. >> we are looking fine. it is chilly out there. kind of seasonbury chilly. temperatures back in the low to mid-30s and we'll be in for a decent day. about maybe 40, 42 today, partial sunshine. so friday looks good. tomorrow, things get a little more interesting as we've got this winter event on the way. not a huge event but it is an event. >> it is an event but not quite an event. >> okay. i'm just excited about it. >> you are allowed to be excite about it. we don't want to scare people. >> i know. i won't. >> 33 this morning at
>>> just days away from the fiscal cliff right now. can lawmaker reach a last- minute deal in time? a live report from capitol hill coming up. >> plus, a u.s. general way memorable military career has passed away. a look at the life and legacy of desert storm commander norman schwarzkopf. >> a redskins-cowboys preview with dave ross a little bit later. fox 5 morning news continues right now. right now. >> you can see how clear it is. clearly. friday, december 28th....
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Dec 29, 2012
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watching and so much at stake, they're going to force a fiscal cliff breaking filibuster, i think that's going to have effects that they're going to be very concerned about down the road. so we have kind of a filibuster window here, if the minority leader, if the republican leader will let us proceed that way. >> well, from your mouth to your 99 colleagues' ears, to be sure. >> yeah. >> let's take a listen at your leader, your senate majority leader reid after the meeting. >> i hope everything's a good sign. i've had my confidence destroyed on other occasions, so i hope it's not on this occasion. >> do you share harry reid's cautious optimism there? >> yeah, i think so. he and minority leader mcconnell work together day in and day out. harry is a very good negotiator, who is very familiar with these issues, and we don't, in the senate, have the same issue of the huge tea party caucus in the house that the speaker, frankly, can't get a majority of his party together, because of. so you really have such a dysfunctional republican party in the house that the president had no place to turn,
watching and so much at stake, they're going to force a fiscal cliff breaking filibuster, i think that's going to have effects that they're going to be very concerned about down the road. so we have kind of a filibuster window here, if the minority leader, if the republican leader will let us proceed that way. >> well, from your mouth to your 99 colleagues' ears, to be sure. >> yeah. >> let's take a listen at your leader, your senate majority leader reid after the meeting....
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Dec 24, 2012
12/12
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so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio suary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> phil wilson can't hear us now. sorry about the difficulty with your hearing device. let's talk about the president going off the fiscal cliff or not. >> i think it is crystal clear that that is the case. his response was to offer, what he called, a small proposal. extend another $30 billion, no spending cuts and let's go back to my tax plan. that is not trying to move the ball forward. that is rubbing sal
so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith...
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Dec 27, 2012
12/12
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MSNBCW
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tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north. the unfortunate thing are the words they're saying. i don't hear much compromise or kind of conciliation in the statements we've heard thus far. i do hear a lot of theatrics, you go first, no you go first. it's strange to say the democrats haven't put forth any legislation on this, because in fact they have. in fact, a democratic majority in the senate passed a bill that's
tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the...
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129
Dec 28, 2012
12/12
by
FBC
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eye 129
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you know that when we think about going off the fiscal cliff dividend taxes could triple. and that would have a significantly negative impact on our economy's ability to sustain growth. and think about, you know, this idea, this false idea, frankly, that it won't impact anybody that makes less than 250,000 or whatever the cap is you want. >> right. >> our average age of people that own dividend-paying stocks is about 65 years old. their average income is between 70 to $75,000. yeah, they're not subject to the $250,000 but in fact, if you reduce the after tax yield of these kinds of investments that people select because of their low risk and they use the dividends to supplement their retirement income, if you reduce the after tax yield, stock values drop. we have already seen that. david: because of all this breaking news i want to bring you back and i really want to focus you a little more specifically and dividend tax is something you're hot about but i want to talk to you about whether you're getting squeezed. i'm looking at 300 to $400 billion gap the president will ha
you know that when we think about going off the fiscal cliff dividend taxes could triple. and that would have a significantly negative impact on our economy's ability to sustain growth. and think about, you know, this idea, this false idea, frankly, that it won't impact anybody that makes less than 250,000 or whatever the cap is you want. >> right. >> our average age of people that own dividend-paying stocks is about 65 years old. their average income is between 70 to $75,000. yeah,...